The IRS has joined forces with the Netherlands Fiscal Information and Investigation Service (FIOD) as well as HM Revenue and Customs (HMRC) to help Ukrainian police officers fight cybercriminals more effectively. Analytical companies CipherTrace, BlockTrace and Chainalysis joined the initiative and spoke about the intricacies of tracking cryptocurrency transactions in blockchains.
Training seminars were held from September 18 to 21 with the participation of 40 employees of the Cyber Police Department of the National Police of Ukraine, the Bureau of Economic Security, the Security Service of Ukraine, the National Anti-Corruption Bureau and the National Bureau of Investigation. Tools to combat money laundering, analysis of suspicious transactions with cryptocurrencies, and the use of blockchains for forensic examinations were discussed.
In May, Ukrainian law enforcement agencies already took part in a similar educational program, the results of which were considered successful. After training and passing the exam, participants received a special certificate of completion of the training.
“Government agencies benefit from collaborating with private companies internationally. “We are helping Ukrainian police reduce the number of sanctions evaders,” said Jim Lee, head of the IRS Criminal Investigation Division.
In early August, the National Bank of Ukraine (NBU) requested financial statements for the first two quarters of 2023 from local cryptocurrency services. According to Ukrainian authorities, cryptocurrency exchanges operating in the country have failed to pay $81 million in taxes since 2013.
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